06/10/2026
📢 BANK OF CANADA RATE UPDATE 📢
The Bank of Canada announced today that it is holding its overnight interest rate steady at 2.25%.
So, what does that mean for buyers and homeowners?
✅ Variable-rate mortgages and lines of credit remain unchanged.
✅ Prime lending rates are expected to stay the same.
✅ Borrowing costs remain stable, giving buyers a little more certainty as they plan their next move.
While today’s announcement doesn’t lower borrowing costs, it does provide some consistency in a market where many have been waiting to see which direction rates would go.
If you’ve been considering buying, selling, refinancing, or simply want to understand how today’s decision impacts your plans, feel free to reach out. Every situation is different, and it’s important to know what your options are.
🏡 Thinking about making a move in 2026? Let’s chat.